Group One Trading LLC Invests $1.27 Million in Direxion Daily FTSE China Bull 3X Shares $YINN

Group One Trading LLC bought a new stake in Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 38,575 shares of the exchange traded fund’s stock, valued at approximately $1,266,000. Group One Trading LLC owned 0.18% of Direxion Daily FTSE China Bull 3X Shares at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth $43,000. Bank of America Corp DE raised its position in Direxion Daily FTSE China Bull 3X Shares by 34.4% in the second quarter. Bank of America Corp DE now owns 3,128 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $223,000. Parallel Advisors LLC lifted its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 6.0% during the third quarter. Parallel Advisors LLC now owns 5,300 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 300 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Direxion Daily FTSE China Bull 3X Shares during the fourth quarter worth about $299,000.

Direxion Daily FTSE China Bull 3X Shares Price Performance

Shares of NYSEARCA YINN opened at $27.39 on Thursday. Direxion Daily FTSE China Bull 3X Shares has a 1-year low of $20.69 and a 1-year high of $57.71. The company has a market capitalization of $652.98 million, a price-to-earnings ratio of 8.49 and a beta of 1.04. The business has a 50-day moving average of $27.59 and a 200-day moving average of $34.92.

About Direxion Daily FTSE China Bull 3X Shares

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.